Envestnet Asset Management Inc. Acquires 84,386 Shares of Mizuho Financial Group, Inc. $MFG

Envestnet Asset Management Inc. increased its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,645,460 shares of the bank’s stock after purchasing an additional 84,386 shares during the period. Envestnet Asset Management Inc.’s holdings in Mizuho Financial Group were worth $11,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Salomon & Ludwin LLC raised its stake in shares of Mizuho Financial Group by 2,673.3% in the third quarter. Salomon & Ludwin LLC now owns 4,160 shares of the bank’s stock valued at $27,000 after acquiring an additional 4,010 shares during the last quarter. True Wealth Design LLC acquired a new stake in Mizuho Financial Group during the 3rd quarter worth $28,000. Jackson Thornton Wealth Management LLC acquired a new stake in shares of Mizuho Financial Group during the second quarter worth $59,000. Brighton Jones LLC increased its stake in shares of Mizuho Financial Group by 19.3% in the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock valued at $60,000 after acquiring an additional 1,998 shares during the last quarter. Finally, MAI Capital Management raised its holdings in Mizuho Financial Group by 385.9% in the second quarter. MAI Capital Management now owns 11,331 shares of the bank’s stock worth $63,000 after purchasing an additional 8,999 shares during the period. 3.26% of the stock is owned by institutional investors.

Mizuho Financial Group Trading Down 1.4%

MFG stock opened at $9.21 on Thursday. Mizuho Financial Group, Inc. has a one year low of $4.04 and a one year high of $10.28. The stock has a market cap of $114.40 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 0.73 and a beta of 0.37. The company has a fifty day moving average price of $8.30 and a two-hundred day moving average price of $7.21. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.97 and a quick ratio of 0.96.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Monday, February 2nd. The bank reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%.The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $5.58 billion. Equities analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings cut Mizuho Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.